XRP Price Analysis: XRP Gear Up for a Major Breakout Toward New Highs-Key Levels to Watch

XRP is trading at $2.43, reflecting a 0.81% decline from the previous close. Despite minor pullbacks, XRP has maintained strong support levels and is approaching key resistance zones. With momentum building, a breakout could push XRP toward a new all-time high (ATH) in the coming months.

Monthly Chart: Consolidation Before a Big Move

XRP has declined 4.99% over the past month, fluctuating between $2.36 and $2.58. This period of consolidation suggests a buildup before a significant price movement. Key resistance at $2.70 is the level to watch—breaking above it could drive XRP toward $3.50 and beyond. Meanwhile, $2.36 remains a critical support level, preventing further downside.

Daily Chart: Bulls Challenge Key Resistance

On the daily chart, XRP is testing its 50-day moving average as support, signaling potential strength. However, the 200-day moving average still looms above, acting as a barrier. If XRP can clear the $2.50–$2.55 resistance zone, it may trigger a rally.

A decisive move past $2.70 could open the door to $3.00, a key psychological level. Surpassing this could ignite a surge toward $5.00, marking a potential new ATH.

4-Hour Chart: Bullish Pattern Hints at Breakout

Short-term analysis shows XRP forming a bullish flag pattern, a strong indicator of a breakout. Support remains firm at $2.36, and rising buying pressure suggests XRP may soon challenge $2.70. If bulls take control, a sharp upward move is likely.

XRP’s Path to a New ATH

With growing adoption, increasing institutional interest, and strong market fundamentals, XRP is well-positioned for a breakout. If momentum sustains, XRP could surpass $3.00 in the coming weeks, with an extended rally targeting $5.00–$7.50.

Traders should monitor volume spikes and resistance breakouts, as they could signal the start of XRP’s next major move. If bulls remain in control, a new all-time high may be closer than expected.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and Google News